Our Funds

At HCAP Partners, we have managed more than $300 million across three funds, providing mezzanine debt and equity for underserved, lower-middle market companies throughout California and the Western United States. We are currently making new investments out of our third fund, HCAP Partners III, L.P.

Our limited partners include mandates from state pension funds and their institutional fund managers and advisors, along with leading insurance companies, banking institutions, family offices, and foundations. 
 

Fund Snapshot*

Fund II Fund III Fund IV
Fund Vintage 2008 2013 2018
Total Fund Size $78M $92M $150M
Number of Investments 23 14 4
Number of Exits 20 10 0
*As of 6/30/19